Sanochemia Takes Over Alvetra & Werfft

Businessn.a. ♦ Published: January 25, 2011; 02:16 ♦ (Vindobona)

The Austrian pharmaceutical company Sanochemia strengthens its market position through the acquisition of Alvetra & Werfft GmbH.

Sanochemia Takes Over Alvetra & Werfft / Picture: © Sanochemia Phasmazeutika AG

The Board of Sanochemia Pharmazeutika AG has resolved today to acquire Alvetra & Werfft GmbH with the approval of the supervisory board. Alvetra & Werfft GmbH is a veterinary pharmaceutical company and is currently 100% owned by J. Medinger & Söhne, whose unlimited partner is Dr. Werner Frantsits. The acquisition is to take place retroactive to January 1, 2011. The purchase…